Freestanding Storefront
For Sale
Contact for pricing
56 New York Avenue, Huntington, NY 11743
Freestanding commercial building with retail-oriented zoning and exposure along New York Avenue.
Property Size7,200 SF
Price / SF$305.56
Days on Market60
Property Features for 56 New York Avenue
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Retail
Zoning
C-9/R-10
Building Details
Year Built
2004
Buildings
1
Units
1
Listing Agency:
DGNY Commercial
Listed By:
Gary Pezza · License #NY10301223199
Source:
Crexi
Added: Aug 20
Changed: Oct 17
Last Checked: Oct 16 at 7:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DGNY Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Freestanding commercial building offering 7,200 square feet on approximately 1 acre. Built in 2004, the property is classified within the storefront property category and carries C-9/R-10 zoning.
The building is positioned along New York Avenue in Huntington, with exposure to daily traffic. Its standalone configuration and commercial-corridor setting support consideration for retail occupancy, business relocation, or owner use, subject to applicable zoning requirements.
The building is positioned along New York Avenue in Huntington, with exposure to daily traffic. Its standalone configuration and commercial-corridor setting support consideration for retail occupancy, business relocation, or owner use, subject to applicable zoning requirements.
Key Highlights
- 7,200‑square‑foot freestanding commercial building
- Approximately 1 acre of property
- Built in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,767
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,815,340
$2.8M
Cap Rate 7%
$2,010,957
$2.0M
Cap Rate 9%
$1,564,078
$1.6M
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$216.0K $30.00/SF
− Vacancy
−$14.9K −$2.07/SF
EGI
$201.1K $27.93/SF
− OpEx
−$60.3K −$8.38/SF
NOI
$140.8K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,815,340
Cap Rate 7%
$2,010,957
Cap Rate 9%
$1,564,078
Alternative Uses
Best Use
Retail
$2.01M
$1.76M – $2.35M
NOI $140,767 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,542 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Apparel 7%
7-Eleven
Shops & Services
8,081 visits/mo
0.2 miles
West Marine
Apparel
590 visits/mo
0.1 miles
Demographics for 11743, NY
41,522
Population
16,138
Households
2.6
Avg Household Size
47
Median Age
64%
College-Educated
96%
High-School Grad
25.7 sq mi
ZIP Area
1,616
Density / Sq Mi
$173,014
Median Household Income
$75,618
Median Earnings
$2,397
Median Rent
$748,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding commercial building with retail-oriented zoning and exposure along New York Avenue.
Where is this storefront property located?
The property is located at 56 New York Avenue Huntington, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 7,200‑square‑foot freestanding commercial building; Approximately 1 acre of property; Built in 2004
